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Agricultural Credit Project

Agricultural Credit Project

 

The objective of the project was to increase the incomes of poor small-scale farmers and strengthen farmers’ groups, cooperatives and associations by providing them with credit. Access to credit enabled the farmers and their association to invest in inputs, draught animals, machinery and vehicles, and other improvements in order to increase their productivity and production. This was the first of IFAD’s projects in Panama, and it was expanded in a second phase.


Source: IFAD


Status: Closed

Country

Panama

Approval Date

17 December 1981

Duration

1981 - 1987

Sector

Credit and Financial Services

Total Project Cost

US$ 45.3 million

IFAD Financing

US$ 8.5 million

Co-financiers (International)

Inter-American Development Bank US$ 29.5 million

Co-financiers (Domestic)

National Government US$ 7.3 million

Financing terms

Ordinary

Project ID

1100000090


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